Mike, the lot is almost 4000sq ft, it is right behind the new medical complexes and is two blocks fromCanal Street Streetcar; it's actually in walking distance to the Superdome.

Looks like the home will meet FHA requirements and we will have to pay a bit more to get the crawl space dried out and have some blocks repaired, then have it re-leveled. 

Do focus on making a fat list of properties, make a list of the UGLIEST houses on the block.

Every time it rains the basement flooded because he did not properly install a drain outside.

Working for 45-minute stretches (give or take) instead of for hours on end will ultimately allow you to clear your mind, grab an occasional snack or meal, and stay energized to meet your goals.Social Media DistractionsThough it may feel like staying plugged into our social media accounts is a necessary part of our jobs, the constant alerts and updates just drain our time and energy.

The higher ends are full houses or apts with amenitiesProperty is located within blocks of a Cal State University so rental demand may be consistentCOC ROI is fairly low, but I’m comfortable getting a ~5% return on my first deal if it means that this is a learning experience.

My concern is.. when I rent it will I be able to, since I’m the only house on the block, the block behind me has only a few homes being built.

I can't wait to see what happens to the $250k house on the block for HOA dues.

I'll then turn around and ask them if they have plans to sell or know anyone interested in selling on that block or elsewhere.

Bigger boxes look very enticing, then again there is some good economies of scale in our market to capture several buildings in a 5-10 block area and create great value there as well.